GFH Q2 net profit jumps 252pc

Manama, August 13, 2014

Bahrain's Gulf Finance House reported a 252 per cent increase in second-quarter net profit on Wednesday.

The firm, which suffered heavily in the wake of the global financial crisis and required multiple debt restructurings, made a net profit of $9.5 million in the three months to June 30, according to an emailed statement.

This compares with a profit of $2.7 million in the year-earlier period. - Reuters